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    Property profile & analytics

    425 Lk St Gary, IN 46403-2406

    • Retail space
    • 2,187 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $290,000
    Last Sale
    Jul 13, 2022
    Location Intelligence
    Property ID
    US31-0074400
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 425 Lk St

    Year built
    1945
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    2,187 SF
    Property type
    Retail space
    APN
    45-09-06-260-003.000-004
    APU
    450906260003000004

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.2676
    Latitude
    41.6021
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $2,070
    $19,000
    $37,500
    $56,500
    -
    $19,000
    $37,500
    $56,500

    Comparable in this City

    • Value Estimation by Request
      5,548 SF

      4635 Melton Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,548 SF
      4635 Melton Rd, Gary, IN 46403-2870
      View Details
    • Value Estimation
      $315,000
      2,250 SF

      781 Lawrence St Frnt

      RETAIL STORES (PERSONAL SERVICES) • 2,250 SF
      781 Lawrence St Frnt, Gary, IN 46403-1232
      View Details
    • Value Estimation
      $420,000
      3,740 SF

      5011 Dunes Hwy

      RETAIL STORES (PERSONAL SERVICES) • 3,740 SF
      5011 Dunes Hwy, Gary, IN 46403-2894
      View Details
    • Value Estimation
      $515,000
      6,290 SF

      5101 Dunes Hwy

      RETAIL STORES (PERSONAL SERVICES) • 6,290 SF
      5101 Dunes Hwy, Gary, IN 46403
      View Details
    • Value Estimation
      $300,000
      1,440 SF

      9501 Lk Shr Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,440 SF
      9501 Lk Shr Dr, Gary, IN 46403
      View Details
    • Value Estimation
      $275,000
      4,000 SF

      1028 Aetna St, Unit 34

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      1028 Aetna St, Gary, IN 46403-3511
      View Details

    Similar Nearby for Sale

    • $249,000
      3,740 SF

      Retail Space in High-Traffic Mall

      Retail or office space in a high-traffic Gary strip mall.
      5011 E Dunes Hwy, Gary, IN 46403
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    • $370,000
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      Gary, IN Retail Opportunity

      Commercial property in Miller Business District, ideal for redevelopment.
      288 S Lake St, Gary, IN 46403
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    • $35,000
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      Land in Miller Beach Community

      Vacant lot in the Miller Beach Community.
      8841 Hemlock Ln, Gary, IN 46403
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    • $175,000
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      Lake Michigan View Lot

      Residential or multi-family development lot near Indiana Dunes National Park.
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      Prime commercial site in a bustling business area.
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    Similar Nearby for Lease

    • $32 SF/Yr
      4,820 SF

      Melton Road Industrial Facility

      4,820 SF Manufacturing/Flex Space
      6401 Melton Rd, Gary, IN 46403
      View Details
    • $3,300 /Mo
      2,605 SF

      Professional Office Near Train Station

      Move-in ready office space near South Shore train station.
      5528 E Melton Rd, Gary, IN 46403
      View Details
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    425 Lk St
    Gary, IN 46403-2406
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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